scholarly journals Digital effects on macroeconomic stability in the framework of COVID-19 pandemic: EU practice

2021 ◽  
Keyword(s):  
Economic Development ◽  
Job Search ◽  
Inverse Relationship ◽  
Foreign Direct Investments ◽  
Eu Countries ◽  
Main Indicator ◽  
Economic Barriers ◽  
The Impact ◽  
Macroeconomic Stability

The article deals with the investigation of the impact drivers on the gross domestic product as the main indicator of socio-economic development of the country in conditions of the COVID-19 pandemic. The subject of the research in the article is the indicators of macroeconomic stability of the EU and Non-UE countries. The purpose of the article is to assess interrelation between the GDP and destabilizing economic factors, for European Union and Non-EU countries, and – to define the role of digitalization in providing the country's economic growth. Tasks: to study the trends of indicators of macroeconomic stability of the country, to determine the role of digitalization in economic development, to conduct a comparative analysis of indicators of digitalization of the economy and macroeconomic stability of EU and Non-EU countries. General scientific used research methods: analysis - to analyze the main indicators of macroeconomic stability of countries and identify trends in their change under the influence of digitalization processes; methods of factor analysis - to find the factors that have the greatest impact on the indicators of macroeconomic stability of the country. The obtained results: the economic barriers affected by the pandemic were defined: dramatic falling of foreign direct investments; declining of cross-country trade volumes; global manufacturing output decreasing; unemployment rising, reductions in working time, temporary layoffs and job-search discouragement. Empirical estimations based on the correlation analysis allowed making the conclusions about: close inverse relationship between GDP, import, inflation rate; slight inverse relationship between GDP and FDI, unemployment rate, external debt, general governmental gross debt; little direct link between GDP and population, IMD World Digital Competitiveness rank.

scholarly journals The Impact of Export and Foreign Direct Investments on Macedonian GDP Growth - Empirical Analysis

2017 ◽  
Vol 13 (25) ◽  
pp. 276
Author(s):  
Jeton Shaqiri
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
Gdp Growth ◽  
Foreign Direct Investments ◽  
Trade Regime ◽  
Private Sector Development ◽  
Liberal Trade ◽  
The Impact ◽  
The Empirical Analysis

In this paper in chronological order is analyzed the Macedonia's economic development in general, considering that the country has a liberal trade regime which is characterized by simplicity and neutrality. R. of Macedonia should utilize this trade regime in direction of creating policies and conditions for promoting the private sector development and its possibilities for export that will contribute for greater macroeconomic development. The paper will have a detailed look to the overall economic development and the GDP growth, the components and the main factors influencing this growth, techniques and approaches of assessment of the economic system and its development. It will also analyze the role of exports and the foreign direct investments in Macedonian GDP growth. Numerous theoretical researches related to the role of exports and FDI in GDP growth, have shown a positive relationship between them. The data used in this paper were provided by the Statistical Office of Macedonia and the Macedonian Customs in different periods, while for the empirical analysis I have included the period from 2014-2015. Within the empirical analysis is applied a model of multiple linear regression, where is defined the dependent variable "GDP growth" as well as the independent variables: the growth of FDI and the growth of export.

The Role of Oil and Gas in the Economic Development of the Global Economy

2018 ◽  
Author(s):  
Paul Stevens
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Oil And Gas ◽  
Primary Energy ◽  
Oil And Gas Producers ◽  
The Future ◽  
History Of ◽  
Factor Inputs ◽  
The Impact

This chapter is concerned with the role of oil and gas in the economic development of the global economy. It focuses on the context in which established and newer oil and gas producers in developing countries must frame their policies to optimize the benefits of such resources. It outlines a history of the issue over the last twenty-five years. It considers oil and gas as factor inputs, their role in global trade, the role of oil prices in the macroeconomy and the impact of the geopolitics of oil and gas. It then considers various conventional views of the future of oil and gas in the primary energy mix. Finally, it challenges the drivers behind these conventional views of the future with an emphasis on why they may prove to be different from what is expected and how this may change the context in which producers must frame their policy responses.

Financial Access of Latin America and Caribbean Firms: What Are the Roles of Institutional, Financial, and Economic Development?

2021 ◽  
pp. 097265272110153
Author(s):  
Lan Khanh Chu
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Jel Classification ◽  
Caribbean Region ◽  
Country Level ◽  
Level Data ◽  
Latin America And Caribbean ◽  
The Impact ◽  
Moderating Role

This article examines the impact of institutional, financial, and economic development on firms’ access to finance in Latin America and Caribbean region. Based on firm- and country-level data from the World Bank databases, we employ an ordered logit model to understand the direct and moderating role of institutional, financial, and economic development in determining firms’ financial obstacles. The results show that older, larger, facing less competition and regulation burden, foreign owned, and affiliated firms report lower obstacles to finance. Second, better macro-fundamentals help to lessen the level of obstacles substantially. Third, the role of institutions in promoting firms’ inclusive finance is quite different to the role of financial development and economic growth. JEL classification: E02; G10; O16; P48

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

The Columbia Regional Geospatial Service Center System

2013 ◽  
pp. 926-937
Author(s):  
P. R. Blackwell ◽  
Darrel McDonald
Keyword(s):  
Economic Development ◽  
Natural Resource Management ◽  
Rural Areas ◽  
Service Center ◽  
Federally Funded ◽  
Geospatial Technology ◽  
Funded Project ◽  
The Impact ◽  
And Training

During the past 20 years, the role of geospatial technology in society has increased dramatically. However, the impact of these technologies in rural areas remains minimal. In Texas, a federally funded project called the Columbia Regional Geospatial Service Center System (the System) has emerged as a model for bringing the benefits of geospatial technology to all portions of society. The model involves distributed, academically based Centers, each with regional specializations, linked together into a unified system for addressing critical needs in emergency response, economic development, and natural resource management. The Centers operate on three focus areas, i.e., data, applications, and training. The Columbia Center has been in operation for five years and has demonstrated the practical strength of the System through numerous local and statewide projects, responses to natural disasters, and other geospatial activities.

The Columbia Regional Geospatial Service Center System

2012 ◽  
pp. 566-577
Author(s):  
P. R. Blackwell ◽  
Darrel McDonald
Keyword(s):  
Economic Development ◽  
Natural Resource Management ◽  
Rural Areas ◽  
Service Center ◽  
Federally Funded ◽  
Geospatial Technology ◽  
Funded Project ◽  
The Impact ◽  
And Training

During the past 20 years, the role of geospatial technology in society has increased dramatically. However, the impact of these technologies in rural areas remains minimal. In Texas, a federally funded project called the Columbia Regional Geospatial Service Center System (the System) has emerged as a model for bringing the benefits of geospatial technology to all portions of society. The model involves distributed, academically based Centers, each with regional specializations, linked together into a unified system for addressing critical needs in emergency response, economic development, and natural resource management. The Centers operate on three focus areas, i.e., data, applications, and training. The Columbia Center has been in operation for five years and has demonstrated the practical strength of the System through numerous local and statewide projects, responses to natural disasters, and other geospatial activities.

Global E-Government and the Role of Trust

2011 ◽  
pp. 1-19
Author(s):  
Jayoti Das ◽  
Cassandra DiRienzo ◽  
John Burbridge
Keyword(s):  
Economic Development ◽  
Empirical Study ◽  
Religious Diversity ◽  
Empirical Finding ◽  
Past Research ◽  
Level Of Economic Development ◽  
Cross Country ◽  
The Impact ◽  
Socio Economic Factors

Using cross-country data from 140 countries, this empirical study extends past research by examining the impact of trust on the level of e-government. The major empirical finding of this research shows that, after controlling for the level of economic development and other socio-economic factors, trust as measured by ethnic and religious diversity, is a significant factor affecting e-government usage.

scholarly journals Analysis of Cultural Resources of Southeast European Countries as a Factor of Tourism Competitiveness

2015 ◽  
Vol 53 (2) ◽  
pp. 230-246
Author(s):  
Sonja Jovanović ◽  
Snežana Đekić ◽  
Ivana Ilić
Keyword(s):  
Inverse Relationship ◽  
European Countries ◽  
Cultural Resources ◽  
Travel And Tourism ◽  
Tourist Destinations ◽  
Cultural Sites ◽  
The Subject ◽  
Competitiveness Index ◽  
The Impact

AbstractThe former role of tourism in terms of provision of accommodation and food has become outdated. Tourist offer increasingly includes additional activities, such as visits to various tangible and intangible cultural sites, and events that tourists perceive visually. In the contemporary tourism trends, cultural resources of Southeast European countries have become an important factor that maintains the competitiveness under conditions of the growing competition on a world scale. Cultural resources directly affect tourism, but there is also an inverse relationship reflected in the impact of tourism on cultural resources that are becoming an important factor for the choice of tourist destinations. The subject of this paper is to review the contribution of cultural resources to the development of tourist destinations with the help of the analysis of elements of Travel and Tourism Competitiveness Index - TTCI.

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